World’s first oil sands CCS project

The world’s first carbon capture and storage (CCS) project for an oil sands operation is set to be built in Canada. The ‘Quest’ project by Shell will be built on behalf of the Athabasca Oil Sands project which is linked to the company’s Scotford Upgrader near Alberta. The Athabasca oil sands contains black, oily material […]

China and Shell to share shale gas

Oil giant Shell and China’s semi-state oil firm CNPC will share their Chinese shale gas activity including exploration and production after a deal announced yesterday. Shell said it will be the first shale gas Production Sharing Contract (PSC) ever signed in China. Covering the Fushun-Yongchuan block in the Sichuan Basin, the contract area is roughly […]

Qatar plans petrochemicals complex with Shell

Qatar has agreed provisional plans with Royal Dutch Shell to build a petrochemicals “complex” in the Middle Eastern country’s Ras Laffan Industrial City. The scheme, which Shell’s chief executive Peter Voser said would be “a world-scale petrochemicals project” will mainly target its products at growing Asian markets. Qatar’s energy minister, His Excellency Dr Mohammed bin […]

Iraq Government signs $17bn deal with Shell

Iraq’s cabinet has reportedly approved a $17 billion (£10.7bn) contract with Royal Dutch Shell and Mitsubishi Corporation. The deal aims to capture natural gas, wasted from flaring at three oil fields, which Shell says could be used for export. According to Shell 700 million cubic feet of gas is burnt off each day in southern […]

Shell profits up $2bn on last year

Royal Dutch Shell has announced its earnings for the first quarter of 2011 were $6.9billion, up $2billion on last year for the same period. The rise was put down to higher industry margins and its own operating performance. The oil and gas firm said cost cutting measures and selling on assets – such as $3.2 […]